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Email this8:04 pm
September 28, 2023
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Dang, it was nice to have a bank that was based in the west.
I really liked Motive's rates and pick-your-length GIC. I think that NB will bring things into line with their own offerings, but not as quick as RBC did dismantling HSBC.
The one little benefit I see is maybe a bit of consolidation for myself, as NB is my stock brokerage.
I was wondering why Motive was doing the constant short term GIC's with the new money restriction, they were goosing their numbers to flaunt to NB.
Overall sadness though. Even though I have good service from both organizations, the last thing the Canadian banking sector needs is consolidation.
6:50 am
January 11, 2020
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Jowett said
I have maxed out my CDIC insurance with CWB and Motive, and I also have RIF's spread over CWB, Canadian Western Trust and Valiant trust.I am wondering how these other entities will be treated in this takeover. Will they be part of the deal and become part of National Bank, or are they considered as separate companies?
Canadian Western Trust and Valiant are both separate as far as CDIC is concerned.
if you are maxed out with Motive, can you still buy the Motive products and request that the CDIC Insurance be applied by CWT? This is how it is with oaken you can select your own insurance company between home bank and home trust. Or do you have to deal directly with their separate entities which all have different rate offerings as well in this respect the oaken set up is great. You get their rates not the posted rates at the individual HomeTrust or home bank.
8:22 am
September 19, 2018
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I had purchased my RRIF's through CWB. They suggested that I split it between Valiant and Canadian Western Trust as well as CWB itself.
These three are all separately insured by CDIC however Motive is considered part of CWB and is not individually insured.
I was given the same interest rate and term for all three, however I don't think you can just go to Valiant for example and converse directly with them. I handled everything through CWB.
So far it has worked out according to plan although I can only see my Motive and CWB accounts online.
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